Bitcoin’s Massive Plunge Toward $61K Leaves Over $1.6B in Liquidations
Naturally, roughly $1.35 billion out of the entire amount was from longs.
Bitcoin News·
Strategy Inc. sold 32 bitcoin between May 26 and May 31 for roughly $2.5 million, its first disclosed net bitcoin disposal since December 2022, according to a June 1 Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). For the first time in four years, Strategy founder Michael Saylor, the man who built […]
Read full articleNaturally, roughly $1.35 billion out of the entire amount was from longs.
Bitcoin price fell below $63K as Iran tensions, ETF outflows and $1.1B liquidations pushed BTC near key support between $60K and $54K.
Bitcoin has lost the $66,000 level as selling pressure and uncertainty intensify across a market that is now testing support levels not seen since the early stages of this year’s recovery. The breakdown is accelerating, and a CryptoQuant report has identified a specific pattern in the on-chain data that places the current selling in a historical context that traders will recognize immediately. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details Short-term holders are realizing losses at the strongest pace since early February. The “STH Loss to Binance” metric on Binance dropped to -16,400 BTC on June 2. Its deepest negative reading since February 6. As Bitcoin slipped below the $69,000 area. That specific date matters. February 6 marked one of the most intense capitulation sessions of the recent correction, a period when forced selling from recent buyers created the kind of price pressure that ultimately exhausted itself and preceded the recove
Bitcoin traders are watching $60,000 after US-listed funds tied to the coin shed $519 million in a single day, extending a run of withdrawals that has shaken the market. The cryptocurrency dipped 4.5% on Wednesday to an intraday low of $65,700 before recovering to around $67,100. Related Reading: WLFI Raises Alert: Sanctioned Wallets Could Trigger […]
Wyoming set new AI data center rules as demand for power rises and Bitcoin miners expand into data center and HPC hosting markets.
The Bitcoin flash crash highlights the volatility and risks in leveraged crypto trading, potentially impacting investor confidence and market stability. The post Bitcoin flash crash below $62K wipes out $1.8B in leveraged bets appeared first on Crypto Briefing.
CFTC scraps no-deny settlement rule after SEC's May move, giving defendants more room to dispute agency claims in enforcement cases in 2026.